Wed. Aug 24th, 2022

US TO RETURN TWENTY THREE MILLION DOLLARS OF ABACHA LOOT TO NIGERIA.

Nigeria and the United States governments have reached an agreement on the return of over twenty three million Dollars of the Abacha loot.

The agreement was signed in the office of the Minister of Justice and Attorney General of the Federation, Mr. Abubakar Malami.

While Mr. Malami signed on behalf of the Nigeria, the US Ambassador to Nigeria, Mary Beth Leonard signed on behalf of the US government.

Mr. Malami said when the fund is returned, it will be invested in three ongoing projects by the Federal Government, including the ongoing Abuja – Kaduna road and the second Niger Bridge.

It will be recalled that the country has in the past recovered several other tranches of the Abacha loot, which are proceeds, believed to have been diverted from public coffers by the military administration of late General, Sani Abacha in the 1990s.

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